Solana could hit $300 by June 2025, says crypto analyst
- Solana Cryptocurrency Forms Bullish Pattern with Possible Target at $300
- Addresses with over 10.000 SOL increase by 1,53%
- Solana surpasses Ethereum with staking rate above 68%
The cryptocurrency Solana (SOL) is showing strong signs of bullishness, as an important chart pattern begins to form, according to analysis by expert Captain Faibik.
The cryptocurrency is facing resistance at the $141 level, but the recent price correction phase may be ending, paving the way for a new upward movement. At the time of publication, Solana’s price today was quoted at $148,52, down 3% in the last 24 hours.
The analyst highlighted the emergence of an Expanding Triangle formation on the SOL chart, a technical pattern that usually heralds positive movements after periods of consolidation. According to the analysis, this shape suggests that Solana could move towards the $300 mark in the medium term, depending on the interaction between buyers and sellers in the coming weeks.
$ SOL is forming Expanding Triangle Pattern. 📈
It looks like the correction wave has completed, and bounces back strongly.
Expecting a new ATH (300) in the midterm! #Crypto #sol #fading #SOLUSDT pic.twitter.com/dBFzW1atRB
— Captain Faibik 🐺 (@CryptoFaibik) April 20, 2025
On-chain data reinforces this bullish view. Addresses holding over 10.000 SOL have seen a 1,53% growth in less than two weeks, signaling solid confidence among large investors in Solana’s trajectory.
Another highlight is Solana’s performance in staking. The network has surpassed Ethereum in terms of staking rate, achieving a growth of over 68%, compared to the 28% registered by the Ethereum network. This progress shows an increasing adoption of the network’s participants, further strengthening Solana’s position in the cryptocurrency market.
The total value staked on the Solana network has reached $58 billion, a significant jump from the previous $7,5 billion, reflecting strengthening network activity and investor confidence.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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